The new sites!!

www.poundsterlingforecast.com

www.eurorateforecast.com

Feel free to take a look!!

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeI assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZARHave a great day and thanks for reading!Daniel Wright

My new site

Please go take a look at www.poundsterlingforecast.com


If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email MeI assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZARHave a great day and thanks for reading!Daniel Wright

Sterling exchange rate forecast

As many readers will be aware the GBP has lost value against a host of major currencies in the last 18 months. So while this is great news for anyone holding a foreign currency and looking to buy back in to sterling, for anyone who needs to buy foregin currency this is really bad news.

Unfortunately it does not appear that there is any respite in the near future as the forecast is for the GBP to continue to remain weak over the next few months in the lead up to the election.

The main reasons for this are:

• Continued poor performance in the UK economy – decreasing demand for the pound
• The UK is a service driven country and reduced demand for our services is reducing demand for sterling
• The Bank of England may carry out further Quantitative easing
• Interest rates are likely to remain low for an extended period in the UK
• Uncertainty surrounding a hung parliment and how the national debt problem may be dealt with

Could the pound recover after the election?

In my opinion the short answer is yes. There are many reasons behind this, but I believe the key issue is that uncertainty is really holding the pound back. Because the markets dont' know who will be in government, or if we may see a hung Parliament, they are nervous.

Add to this the fact that we don't know how the new Government will deal with the national debt and budget deficit problems and the markets are twice as nervous.
All this uncertainty and nervousness is really holding the pound back which does make a very good investment at present in my opinion.

Once the new government is in power and the uncertainty is removed I would not be at all surprised if we see sterling move up in to the 1.20's against the Euro and push back into the 1.60's against the USD.

Whether you are buying or selling GBP an experienced currency broker will be able to save you money on your currency transfer.

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Sterling Euro Dollar forecast - The week ahead

This daily report focuses on key current considerations affecting the foreign currency markets, and how this may vary exchange rates which can have a big impact on the overall cost when you purchase currency and are sending money overseas.

• Dollar remains positive
• Possible strong Euro finish in March
• Creation of a European Monetary Fund gains support

What Are The Prospects For The Euro

Greece has been threatening to play its trump card by asking for assistance from the International Monetary Fund. This would at worst call into question the whole economic foundation of the EU and at least be seen as highly embarrassing for the EU as it as unable to resolve the situation internally.

This elicited a series of supportive statements from France and Germany last week which caused a Euro rally which is unlikely to be undermined by the ZEW Current Situation survey (which gives an indication of German investor sentiment on Wednesday).

The actual form this support will take remains vague however discussions have started regarding the formation of EMF (not the 1980’s band pictured here but instead a European Monetary Fund (a European version of the IMF the international lender of last resort) whilst this will be too late to help Greece now it indicates a recognition of the considerable strengthening of European ties required to rebuild sustainability in the Eurozone.

This will be a complex process but the willingness now to tackle it will provide increased long term strength to Euro value further challenging the pound and maybe challenging the US dollar as a world currency in 2011. Today’s Eurozone employment change figures may stimulate an exchange rate spike if the forecast -0.5% fails to materialise.

Dollars Remains Positive

Wednesdays US interest rate decision is unlikely to increase interest rates but the dollar continued its inexorable rise on the back of US job figures which may indicate that the recovery in the US may be sustained and with Friday’s growth in retail sales from an anticipated 0.1% to an actual 0.3% the number of positive indicators are growing for the US.

Strong US results are creating demand for goods with Japan and China who are using an undervalued yen and renminbi to supply it with imported goods much to US annoyance.

Resource rich economies like Australia are noticing increased demand for their raw materials, many of which are priced in US dollars and on the back of this demand their economy is growing and their currency is strengthening.

One life line that may be provided to sterling may be the housing market, a surge in demand could pull the UK economy back on track by stimulating spending however this morning’s Right Move House Price Index, based on a sample of residential property, came in below expectations at 0.1% for March

This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Sterling forecast - The week ahead

The Pound faces yet again another rocky week no doubt with a number of releases of note due out for the U.K in the next few days.

Firstly, we still have the dark cloud of a hung parliament hanging over our heads which has been one of the main factors holding Sterling back of late – this is likely to continue holding the Pound back in the lead up to the election.

Overnight tonight sees the release of retail sales data and house price balance data at 00:01am – any change to the expected releases may lead to volatility overnight for Sterling.

Tommorow morning will bring trade balance data for the U.K – I personally feel we may we this come out slightly better than expected due to the recent drop in value of the Pound which can only improve exports one would imagine.

Wednesday am brings industrial production and manufacturing production data in early morning trading followed by the fresh GDP estimate from the NIESR (National Institute of Social and Economic research).

Both releases may lead to market movements – The last production release was actually better than analysts expected so should this be on the up again further Sterling strength may be seen.

The NIESR estimate could potentially throw the cat amongst the financial pigeons should they estimate that the U.K GDP figures are due to dip again leading towards a potential double dip recession… should this be the case the Pound may drop dramatically.

On top of all the data releases the currency markets are there to surprise us too, so be wary of any mention of QE by the Bank of England, any speeches from Alistair Darling or issues surrounding Greece over the course of the week.


This is a brief summary of todays report. Click here to read the full report on our main website

If you are buying a property abroad, have business transactions to carry out or need to get money overseas for any other reason and want the best exchange rates, just click on the links below to go straight to our main site, or Email Me




Have a great day and thanks for reading!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

Pound sterling forecast and report - positive data leads to minor gains

Exchange rate forecast

A brief overview as to what has happened to the Pound in the last 24 hours and what is expected going forward.

Sterling strength as PMI data high and high Consumer Confidence

The Pound has gained in early morning trading following PMI (Purchasing Managers Index) data coming out the highest we have seen in some time, this shows that once the poor weather finally left us (if it even has gone for good) things did start to pick up.

We also saw Consumer Confidence figures out overnight which were also better than expected and the best we have seen for some time - a refreshing change for those with Sterling to sell following the recent losses seen.

Will the Bank of England introduce further QE - If so how will it affect exchange rates?

The Bank of England meet tommorow for their monthly interest rate decision and although no change to rates is expected Mervyn King has recently hinted at further QE being potentially placed into the system.

Those clients that had transfers to make last year will be well aware that the mere mention of QE tends to weaken Sterling and although this may well already be slightly factored into the market I wouldn't be surprised if the Pound loses ground should they decide on more and gains ground should they decide to leave it.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Sterling report and forecast U.K GDP Figures due this morning - expect major volatility!

Sterling report and forecast Friday 26th February 2010 – Daniel Wright (Associate Director at FCD)

Contents of this report

This report will cover the following information that is due to be released in the short term that may affect the cost of buying foreign currency or how many pounds that you will receive when bringing money back.

• U.K GDP Figures

• GBP – USD Hitting lowest since May 2009

• GBP – AUD Recently hit a 25 year low – will they raise rates?? How low can it go?

• Other information that may affect you upcoming transfer

U.K GDP Figures released this morning!

This morning sees an extremely important release for the U.K and indeed the Pound as the revised GDP figures are due out at 09:30am. Expected is for the revision to bring the figure up from 0.1% to 0.2% however I personally would be extremely surprised to see this come out as expected.

With the dire weather seen in the U.K towards the end of last year and the flurry of poor data we saw during that period, alongside the fact that the same release for Germany came out much worse than expected (as detailed in yesterday’s report), I expect to see revised GDP for the U.K to come out worse than predicted leading to losses for the Pound against a basket of major currencies.

“Mervyn King suggesting that failing to act now could pave the way for bigger problems in the future has seen Sterling suffer greatly, I expect this to continue through Friday to end what has been a particularly poor week for Sterling – and there are no signs of it getting any better for next week.” Commented Stephen Hughes, Director at FCD

The same data is due for the U.S at 13:30pm and expected is a figure of 0.6%. Expect Dollar volatility should this come out different.

Should you be worried about the potential cost of an upcoming transfer call us free on 0800 328 5884 and speak to a currency expert who will explain the many options available to you including forward contracts, stop and limit orders.

What do you think?

Being a trader looking after hundreds of clients I am always interested to see what the general public think – Will the Pound suffer once again throughout 2010? Will the Euro plummet once the so called PIGS real problems come to light? Is the Dollar going to continue its forceful rally?

djw@currencies.co.uk is the best route of getting in touch – I welcome your thoughts on the current global economic situation.

GBP – USD Hits lowest level since May 2009!

Dollar buyers and sellers must be aware as the Pound dropped to its lowest level since May 2009 to buy the greenback yesterday, creating fantastic opportunities for those with Dollars to sell and an uncomfortable decision for those looking to buy Dollars.

With the U.K and Euro Zone both looking shaky at the moment investors are rushing to buy gold and U.S bonds as they perceive it as a ‘safer haven’ hence more demand for Dollars and the Dollar gaining strength.

GBP – AUD 25 Year Low

Once again another currency pairing hitting lows not seen in a very long time however it looks like this trend may continue.

The Reserve Bank of Australia meet for their interest rate decision on Tuesday and expectations are for the 4th rate hike in 6 months. A rate hike is generally seen as positive for the currency concerned and therefore points to further potential AUD strength. If you have a purchase of AUD to make it may be prudent to consider your options in advance of what could be an important decision.

Breaking news overnight!

Overnight saw the release of House Price data and Consumer Confidence for the U.K – Consumer confidence came out slightly better than expected and house price data a lot worse – this has led to minor Sterling weakness in early morning trading.
Should you wish to discuss anything in this report and how it may affect a upcoming transfer then contact one of our friendly traders here at FCD on 0800 328 5884 or email me personally at djw@currencies.co.uk

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Sterling Euro Swiss Franc U.S Dollar Canadian Dollar Exchange rate forecast today

Exchange rates are once again in for a volatile day on the markets with U.K public sector net borrowing figures alongside the M4 money supply figures.

We are also due to see Euro Zone Consumer cConfidence figures due out at 10:00am and some Swiss ZEW index data which may effect the strength of the Euro and Swiss Franc.

Data of note from accross the pond includes some inflation data for the U.S and also for Canada so be aware that this could cause movements over the lunchtime period.

All data releases shall be put into a glossary within the website shortly so that you can understand what they are and how they may affect your upcoming purchase.


This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Greece bailout - what will it mean for the Euro exchange rate?

Unless a fantastic plan is announced soon I personally would expect that Euro is due to weaken in the coming weeks as there are many cracks starting to appear in the Euro Zone and I believe the Dollar may well continue to gather momentum against the Euro in the coming weeks.

Strerling should hopefully climp against the Euro again maybe not at the same pace ahowever as the U.K has many underlying problems of it's own!

It would not shock me to see a surprise thrown at us once we have a full announcement on Greece so if you do have an upcoming transfer to make then let me know and I can get on the phone once the market starts to react be it in a good or bad way so that you are in the position to act fast should you need to.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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Sterling exchange rates forecast and report - Greece to headline the week?? Euro Dollar Rand

Once again good morning and I hope you had a great weekend!

Another interesting week ahead with releases regarding the Greek bailout package probably being the main talking point to start the week off, thuis could push the market either way dependant on what comes of it and it is so important to be on the ball this week as the release could come at any time and could have a huge effect on exchjange rates.

Also this week we see the release of some key inflation data tommorow for the U.K - The last set of inflationary datacame out higher than expected and led to Sterling strength against a basket of major currencies so it is certainly one to keep an eye on. High inflation is generally battled by raising interest rates and a hike in interest rates is generally seen as positive for the currency concerned.

On wednesday of this week it is time for the Bank of England minutes from the last interest rate decision and will show exactly how much support there was behind ending the Quantitative Easing programme so once again may lead to volatility.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Currency forecast Sterling Euro Dollar - things are set to get lively today on the markets!!

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or email me djw@currencies.co.uk

After a hectic day on the markets yesterday following the situation in Greece today is a sure fire bet to bring a lot of volatility to the Pound, U.S Dollar and most notably the Euro.

Still we have not had a full package announced and as soon as it is (or should it not be out) then this could lead to major movements - if you have a transaction to make then think smart and be prepared to act fast!

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Sterling report and forecast 27th January 2010

Sterling has had a rocky 7 days on the markets and it looks set to continue with a number of interesting maybe more news based releases due to come out over the week.

Obviously the key one of the week is the U.K officially coming out of a recession yesterday, however we just crept out of one so good news on paper but in general there is still plenty to be done.

The Iraq inquiry is also set to be a very interesting time for the Pound as there will be some extremely heavy questioning, especially for Tony Blair, and with the U.K still having a Labour Government still in power this may lead to political uncertainty which in turn could bring Sterling weakness.

This is a brief summary of todays report for further information on the currency markets or if you have an upcoming transfer to make and want to discuss the options available to you call Daniel Wright on 01494 787462 or click here to email me djw@currencies.co.uk

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR

Have a great day and thanks for reading!

Daniel Wright

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[09:07:23] Chris Knights:

Sterling report and forecast GBP January 7th 2009 against EUR USD AUD SEK NOK NZD CHF and more

Yesterday saw Sterling take a tumble once again as one of the four factors of the currency compass – Political certainty took a huge turn for the worse.

Two Ex Cabinet ministers – Patricia Hewitt and Geoff Hoon have come out and called for a secret ballot on Gordon Browns leadership merely months before the general election is to be held. Although at first sight it appears that the request has very little support, it is still a telltale sign that the party is clearly divided and starts off an interesting 2010 politically with a bang.

The factors that affect the strength of a currency ( sometimes also known as the Ellis currency compass are Economic stability, Political certainty, Acts of terror and Acts of god.

Although there is clearly little one can predict about the latter two appearing the first two points are always key, and if you look at the U.K economically coupled with the latest twist in the labour Government it does not paint a pretty picture for the Pound in the short term.

Broken and now frozen Britain!

The whole of Britain got hit with a major freeze yesterday alongside a huge amount of snow causing chaos on the roads and indeed closing many businesses.

Should this poor weather continue it may have an effect on the future strength of Sterling for a number of reasons – Retail sales rely heavily on the weather and with not only consumers unable to hit the stores but also some stores not even opening it could put a major dent in figures for January.

Alongside this thousands of businesses have had to close as staff simply cannot make it to work, slowing down production and costing the British economy Billions of Pounds.

Should you be stuck inside over this period why not take a look at your finances and make that currency purchase you just have not had time to get round to lately.

Here at FCD so far our trading lines have been open from 08.30am until 18:00pm to continue to assist you with your currency needs come rain or shine. Call us now on 0800 328 5884 should you wish to discuss any upcoming requirement, and one of our bright and friendly traders will be happy to assist you.

Breaking news yesterday evening & overnight

Yesterday evening saw the release of the FOMC minutes over in the U.S and comments made by the Fed confirmed they are worried about sluggish job growth and the recovery will be slow, usually one would expect Dollar weakness but this morning we have actually seen the opposite, proof there if still confidence in the Dollar.

We also saw the release of Trade balance and retail sales figures for Australia which came out slightly better than expected and has led to early morning gains for the Australian Dollar.

Today’s Data

Today promises to be an interesting day on the markets most notably with the Bank of England interest rate decision at 12:00pm and you should certainly speak to your account manager here at Foreign Currency Direct about the effects it may have on your particular purchase:

10:00am – European Retail Sales – This data may cause volatility for the Euro should it come out any different than the 0.1% increase expected.

12:00pm – Bank of England interest rate decision – No changes to interest rates are expected and this should be a low key decision however as regular readers must be aware the Bank of England do like to surprise us and any mention of future interest rate movements, economic policies or quantitative easing may cause large market movements.

This is a brief summary of todays report for further information feel free to Email Me - Or click on the banner below to see today's full market report Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast - the week ahead assistance with exchange rates Early Monday monring losses for the Pound

Sterling has started off the week losing ground against a basket of major currencies - most notably already losing 0.76% against the Dollar at the time of writing this post - this could still be off the back of much better than expected unemployment data accross the pond on Friday.

As always an interesting start to the week is expected on the markets for Sterling with a number of key releases not only for the U.K but also releases from overseas that may strengthen other currencies against the Pound - releases of note from now until Wednesday are as follows:

13:00pm Today - Trichets Speech.. Head of the European Central Bank Jean Claude Trichet will discuss current and future economic policies, any hint of future plans may cause volatility for the Euro.

17:00pm Today - Fed chairman Bernanke Speech.. As above any hint of future policies may lead to Dollar volatility.

Tuesday

09:30 - The industrial and manufacturing production data is released for the U.K - any changes to expectations could lead to minor movements for the Pound - major differences could lead to larger movements.

14:00pm - Bank of Canada interest rate decision - At present the interest rate in Canada is sat at 0.25% - no change to this figure is expected however investors will be looking out for any hints as to what the BOC are planning to do going forward.

23:30pm - Westpac Consumer Confidence for Australia - This data effectively gives an overview as to the general confidence of people in Australia - a positive reading should lead to AUD strength and also negative should lead to weakness.

Wednesday

A lot of data is out on Wednesday inclusive os Alistair darilg's pre budget report - the most important releases in my opinion are as follows:

00:01pm U.K Consumer confidence - As with the Australian release on Tuesday the consumer confidence for the U.K comes out - any reading higher than expected should lead to Sterling strength and lower potentially will bring weakness.

00:30 Trade balance - Australia.. This release shows the total amount of imports and exports for Australia and again could be a key market mover in the early hours of wednesday.

06:45 - Swiss Unemployment data - Another one for the early birds amoung us is the Swiss unemployment figures due at 06:45am - expected is a level of 4% and any change to this could bring movements for the CHF

07:00am - German CPI data - Key inflation data for Germany also comes out on Wednesday morning, with Germany seen as the largest economy in the Eurozone this can bring volatility to the Euro.

09:30 - Trade balance - U.K - As with the Autralian release above this can bring large market movements.

20:00pm RBNZ Interest rate decision - The reserve Bank of New Zealand release their interest rate decision - no change to rates is expeceted but should they hike as Australia have done of late one would expect serious NZD strength.





THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Reasons to use me instead of a bank - buy or sell foreign currency, best exchange rates, forecast, forward contracts, stop and limit orders

For anyone looking at this blog on a regular basis I thought it would be best to outline a few reasons why personal and business clients use me instead of their bank.

1) They receive a personal and friendly service from someone that deals with currency exchange and money transfers every single day.

How many times have you contacted the bank and been passed around departments only to get someone that deals with one or two currency transfers a day on top of the other 20 things they deal with for the bank??

I pride myself on speaking to every client personally, the phone number at the top of this blog brings you stright through to me so you do not have to sit listening to greensleeves for half an hour before you get to speak to someone.

I have been trading the markets for a number of years now and although I cannot advise I can offer my personal opinion based on market knowledge and expertise.

2) They can receive a better exchange rate therefore their currency costs less or achieves them more.

Here at Foreign Currency Direct we offer commercial rates of exchange and can save clients thousands over using their banks - on just a £10,000 transfer every 1% you can save is an extra £100 in YOUR POCKET.

We have been awarded 'best exchange rates' for the past three years running- Published in the Sunday Times which include most major brokers and high street banks.

3) Tools to maximise your purchase

There are a number of tools available to assist you with your purchase including the following:

Forward contracts (booking out a rate up to two years in advance)

Stop & Limit orders

Please ask me for further information.

4) IPD

We also provide an internationally recognised proof of transfer that confirms the exact amount sent, date due and all the relavent details of your transaction - good for peace of mind when sending money overseas.

These are just a couple of reasons why you should use us and there are many, many more - please contact me for further details.





THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling weakness following poor consumer confidence - steady against Dollar, losses against AUD NZD EUR CAD CHF ZAR and more Forecast for week ahead

This report will give a general outlook as to what is expected for Sterling and numerous other currencies in the week ahead and December 2009.

Sterling has once again kept to the tradition of 2009 of taking "one step forward and two steps back" as consumer confidence figures released this morning came out worse than expected.

Also, mortgage approvals were worse than expected and both sets of data have led to a drop for Sterling against a basket of major currencies with the only one we are holding steady against being the USD.

Last week the Pound stayed reasonably stable until GDP figures came out and it just seems that a flurry of poor data seems to be creeping back in for the U.K which is poor timing coming into December.

EUROZONE

The week ahead sees Euro Zone data released on Tuesday with unemployment levels coming out and also the key interest rate decision on Thursday - no change in rates is expected however any comments on future economic policies could cause volatility.

USA & CANADA

The big one for the Dollar this week is Non Farm payrolls and general unemployment data on Friday - this data can come out quite a bit differant than predicted so can cause huge volatility.

In Canada we see GDP data released which again may lead to big movements.

AUSTRALIAN DOLLAR AND SWISS FRANC

Australia release their interest rate decision on Tuesday extremely early in the morning - expected is a minor increase - the third in a row which once again could lead to AUD strength so be aware if you have upcoming AUD transactions.

Tuesday morning also sees the Swiss GDP figures released so once again be extremely aware should this come out better than expected.

In short, a very rocky period ahead for Sterling against all major currencies - personally I feel Sterling may lose ground against the vast majority in the coming weeks as other economies are releasing much better data than ourselves - however the markets have been known to surprise us all year so keep checking back for further information!!!

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

I assist thousands of clients to send money overseas or receive money from overseas involving the following currencies - Please note I do not deal with cash it is bank to bank only!! AED AUD BHD CAD CHF CZK DKK EUR GBP HKD HUF INR ILS JPY KES KWD MAD MUR MXN NOK NZD OMR PLN SAR SEK SGD THB TRY USD ZAR
Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast - exchange rate information for the Pound against Euro, Dollar, Swiss Franc, Australian & New Zealand Dollar and ZAR

Sterling report – Trading yesterday

Yesterday bought a relatively quiet day for the markets in stark contrast to what we have seen of late, with the high-low point of the day between Sterling and Euro being no more than 0.60% different and Sterling - Dollar experiencing no more than a 0.70% change -certainly different to what we have been used to throughout 2009 and important for those looking to exchange currency.

The losses Sterling made against many major currencies appear to be down to the potential of a hung parliament. A hung parliament is a situation whereby no particular political party has an outright majority which leads to periods of uncertainty on fiscal policies and many other factors including economic approach.

Political certainty is one of the four points of the currency compass which also includes economic stability, acts of terror and acts of god – all four of these effect the value of a currency and looking at the economic situation in the U.K over other economies alongside this matter Sterling may start to lose ground in the lead up the Christmas again this year.

Many investors will be eagerly awaiting the release of revised GDP figures tomorrow as mentioned in yesterday’s report, the revision is set to show a minor improvement and any change to this could bring major Sterling volatility.

The pattern over the past few months for the Pound has been taking two steps forward then dropping three steps back as I’m sure many of you are aware, so if you do have an upcoming currency requirement it may be prudent to take advantage of current rates before Sterling even has the chance to drop away again.

Busy day ahead for the Pound, Euro, Dollar and Swiss Franc

Today promises to be very interesting day on the markets, particularly for those of you with upcoming transfers to make that are keeping a keen eye on the current exchange rates.

Earlier this morning saw the release of GDP data for Germany at 07:00am, which came out exactly as expected so no major market movements have been seen off the back of this.

The rest of today is key so if you have any upcoming transfer involving any of the currencies mentioned then you should call your account manager here to discuss what effect the following data may have on your transfer.

At 09:00 we see Swiss unemployment data released so the CHF may well move off the back of this and then the U.K release mortgage approvals at 09:30am - A key indicator as to how the housing market in the U.K is fairing and this can have a large impact on the value of Sterling.

At 13:30pm the U.S take their turn and release their revised GDP figures in what is a huge day for the Dollar.... not only do they release GDP but on top of this we see Consumer confidence and housing price data at 15:00pm followed by the FOMC minutes from the previous interest rate decision at 19:00pm.

This could lead to large movements so if you do have an upcoming USD transaction whether it be buying or selling it is imperative you are in close contact with someone that can inform you of what is happening throughout the day.

Mervyn King and others also address a treasury committee today and traders eyes will be looking for indications on future plans as they release their latest inflation report, this could affect Sterling against all major currencies.

AUD, NZD & ZAR exchange rate movements

Many followers of these currencies will have noticed a fair bit of movement of late which I can personally place down to carry trading – carry trading is where an investor borrows money from a currency with a low interest rate (GBP, JPY) and invests it in one with a much higher interest rate (AUD, NZD, ZAR) therefore making their money on the return from the higher yielding currency


THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Currency Information - The week ahead for GBP USD AUD NZD CHF and many others forecast - buying or selling foreign currency important info!

Good morning readers and I hope you had a great weekend

Once again i'm sure we are in for a turbulent week ahead on the currency markets with most notably some revised GDP figures due out for the U.K on Wednesday.

The next few days important releases are as follows:

Today

13:00pm - ECB Trichet speaks - Head of the European Central Bank Jean Claude Trichet speaks today at 13:00pm and investors will be listening in on any hints given regarding future economic policies, as the markets move on rumour as well as fact this could lead to Euro volatility.

Later in the afternoon there are a couple of releases being retail sales (excluding Autos) for Canada at 13:30pm and New home sales for the U.S at 15:00pm. These could lead to CAD and USD movements if they come out differant than analysts have predicted.

Tuesday

Tuesday looks like a busy day with consistant important releases coming out throughout the day.

07:00am One for the early birds on Tuesday as germany release their GDP figures (Gross Domestic Product) for the last quarter. Expected is growth of 0.7% which considering the last release for the U.K was -0.4% just goes to show that the Germans are a mile ahead of us in this recession.

This may be due to a number of factors, firstly we rely heavily on the financial sector these days and that quite clearly has been hit extremely hard, we also have a tendancy to "get on the housing ladder" as soon as possible over here whereby people are more likely to rent for years and years in Europe.... with all the mortgage problems and people losing their houses it seriously does not help our situation.

The manufacturing sector in germany is also picking up rapidly and they seemingly downed tools at the right time and completely halted manufacturing when things slowed down only to pick up on them again potentially just at the right time.

Expect Euro/Pound movements should the GDP come out any differant than the 0.7% expected.

At 09:00 we see Swiss unemployment data released so the CHF may well move off the back of this and then the U.K release mortgage approvals at 09:30am - A key indicator as to how the housing market in the U.K is fairing and this can have a large impact on the value of Sterling.

At 13:30pm the U.S takes it's turn and releases their revised GDP figures in what is a huge day for the Dollar.... not only do they release GDP but on top of this we see Consumer confidence and housing price data at 15:00pm followed by the FOMC minutes from the previous interest rate decision at 19:00pm - this could lead to large movements so if you do have an upcoming USD transaction whether it be buying or sellnig it is imperative you are in close contact with someone that can inform you of what is hapening throughout the day.

Wednesday

German Inflation data is released in the first seconds of Wednesday at 00:00am and also in the late night activity the RBNZ (Reserve Bank of New Zealand) release their inflation expectations so expect NZD movements off the back of this at 03:00am.

German consumer confidence comes out early at 07:00am and then we see the U.K GDP data as mentioned previously in the report due at 09:30am.

A further flurry of U.S data due out at 13:30pm and 15:00pm with personal consumption and incomes followed by new home sales - expect further Dollar volatility.

Finally on a dta filled start to the week the Japanese Monetary policy meeting is at 23:50pm so keep a close eye on the Yen.

In short - a seriously volatile start to the week ahead and with so many releases due out it is really hard to see where things are going - especially with the Dollar!

I personally thing that Sterling will have a reasonable start to the week and make gains off the back of data previously mentioned in this post and that the Dollar will fair pretty well as well, due to data from the U.S generally being quite good of late.

Do feel free to contact me should you wish to discuss any upcomnig transfers you may have.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

Sterling report and forecast - the week ahead currency information for anyone buying or selling foreign currency

Monday

Today is thin on the ground data wise for the U.K and indeed Sterling however there are a couple of releases of note for the Eurozone and the U.S.A today.

The Eurozone releases inflation data this morning and we are due to see retail sales data out at 13:30pm.

The retail sales are expected to have risen month on month so any change to this could cause high Dollar volatility.

Tuesday

Tuesday morning brings the U.K's turn to release inflationary data with the CPI(Consumer Price Index) and RPI (Retail Price Index) due at 09:30am, once again changes to the expected figures could lead to movements for the Pound. During the course of the day the Bank of England also releases the Inflation letter which details how Mervyn King plans on dealing with inflation in the near future.

The afternoon brings further data from the U.S with inflation and industrial production data at 13:30 and 14:15 respectively.

Wednesday

Wednesday morning sees the release of the Bank of England minutes and could potentially be the biggest market mover of the week for those with a vested interest in the strength of Sterling.

The minutes will outline what was discussed at the last BOE interest rate decision meeting and may give indications as to how the BOE will deal with the ecionomic situation in the future and many investors will be eagerly awaiting the mention of any further Quantitative easing. Should further QE be mentioned we copuld see Sterling weakness and should an indication be given that this program may nopw be halted then Sterling could well gain ground.

Mervyn King (Governor of the BOE) has recently mentioned that they will not rule out further QE so I would expect Sterling to drop slightly during this release, however anything can happen.

Canada and the States also will release inflationary data at 12:00pm and 13:30pm respectively so expect volatility.

Thursday

Thursday is a little quieter with Switzerland releasibng their trade balance figures in early morning trading and the U.K will present their retail sales data at 09:30am - as with most data releases any change to the expected figure of 2.4% should bring market movements.

Friday

In the early hours of Friday morning the Bank of Japan release their interest rate decision... no change is expect but comments soon after may lead to volatility for the Yen, the only other release of note for the day is the German Producer Price Index. This inflation data is another one for the early birds is due at 07:00am.

In short, the week ahead promises to be an interesting one and my personal view at the time of writing this report is that by the end of the week Sterling may have slightly weakened due to QE being mentioned in thje minutes and generally confidence beiong higher in other economies as opposed to ours.

Do feel free to email me with any questions or queries regarding this report or to organise a transfer.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright

GDP data due for Eurozone - expect EUR volatility - buying or selling foreign currency?? Contact me for further info on GBP EUR AUD NZD SEK forecast

This morning at 10:00am sees the release of Eurozone GDP figures which could cause high volatility should they not come out as expected. Analysts are predicting the European economy as a whole to have grown by 0.5% however as many of you are aware analysts predicitons are not always right.

Personally I think the figures will come out worse than expected as there are still a number of economies that are dragging down the rest in Europe... my personal prediction and this is by no means certain to happen is GBP EUR to be in the high 1.12s by the end of the day.

Sterling has been undervalued for some time and even now when geting the odd bad releases still doesn't seem to want to weaken too much.

THIS IS A BRIEF SUMMARY OF TODAY'S REPORT - SHOULD YOU REQUIRE FURTHER INFORMATION PLEASE DO NOT HESITATE TO CONTACT ME EITHER BY EMAILING HERE Email Me - OR CLICKING ON THE BANNER BELOW TO SEE TODAY'S FULL REPORT I will ensure I get back to you as soon as possible to discuss the options available to you. Click here to read the full report on our main website

If you have the need to send money overseas or bring money into the U.K and want the best exchange rates and a great service just click on the links below to go straight to our main site and click on the register now button to open a free no obligation trading facility quoting DANIEL WRIGHT as your point of contact.

Have a great day and thanks for reading!

Daniel Wright